Funding has long been a challenge for African startups but the tide has started to turn in the last year as the sector heats up and both investors and entrepreneurs start to see some of their long term efforts come to fruition. In the recent past the biggest issue startups from Lagos to Nairobi or [...] The post Venture capital funds are starting to make bigger bets on African startups appeared first on Moguldom.
Roughly a year ago, entrepreneurs Caterina Fake and Jyri Engestrom decided to form a traditional venture outfit called Yes VC. Fast forward, and the duo has nearly closed on $50 million for their debut fund, including backing from Supercell founder Ilkka Paananen, former Etsy CEO Chad Dickerson and the family office of Nokia Chairman Risto [...]
The initial public offerings of consumer tech startups such as Uber, Pinterest, and Lyft are generating a lot of buzz lately. Enterprise software startups don't spark the same kind of excitement, but they remain a central focus of venture-capital investing, said Jai Das, the president of Sapphire Ventures. The market for enterprise software and services has grown larger than even Das and his colleagues expected. He sees plenty of opportunity ahead for such companies. Visit BusinessInsider.com for more stories.
Let's catch up with the latest innovation news in Texas. --Austin-based LiveOak Venture Partners is one of three organizations that led a $5 million investment in Imandra, an artificial intelligence startup based in London, according to a press release. With the funding, Imandra says it will open a US headquarters in the Texas state capital. [...]
Serena Williams, a tennis star, revealed that in 2014 she launched a venture firm called Serena Ventures. The fund invests in early-stage companies that "embrace diverse leadership, individual empowerment, [...]
A hospitality startup that provides short-rentals for professionals has closed on a $160 million funding round led by Airbnb. Lyric, which partners with landlords to provide units in multifamily buildings for business travelers, closed on the equity and debt funding round this week, according to TechCrunch. The series B funding round is a huge surge of capital for the company, which had only raised $19 million in previous funding rounds. The platform has gained significant ... [more]
Tech Moves: Former Intellectual Ventures Exec Joins Madrona; Jetclosing Names Zillow Alum To Board; And More - Geekwire
-- Investor Patrick Ennis plans to join Madrona Venture Group at the end of May. Ennis worked at Intellectual Ventures for more than a decade, where he served as head of incubation and startup creation at the Seattle-area company. He's also the CTO of Xinova, a spinout of Intellectual Ventures that uses a large network of inventors to help clients solve problems. Prior to Intellectual Ventures, Ennis was a managing director at life sciences venture capital firm ARCH Venture Partners, where he shared office space with Madrona. Ennis also has a doctorate in nuclear physics.
This week a blockchain startup opened its system to the public; a quantum computing company raised big bucks; and Raytheon's cybersecurity business set up shop in Boston. Read on for more. --Blockchain technology startup Algorand has opened a test network to the public for businesses and developers to tinker with and give feedback. The company [...]
The big news in B2B FinTech investment this week came from Airbnb, which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The B2B FinTech space saw its fair share of venture capital, too, with investors targeting spend management, alternative [...]